According to Swan Bitcoin’s head of business Dante Cook, Bitcoin’s “hard money” properties are becoming an attractive prospect for American athletes looking to safeguard their earnings.
Decentralizing Wealth: Athletes’ Shift to Bitcoin
Cook unpacks why young American athletes are drawn to investing in Bitcoin and how financial institutions and seasoned investors are becoming more aware of the preeminent cryptocurrency’s compelling value proposition.
From Gridiron to Crypto: Athletes’ Financial Playbook Evolves
The former Division One linebacker, who starred for William & Mary in 2010, explains why Bitcoin is becoming a novel investment vehicle for young college athletes in America, and why some prominent NFL players have chosen to receive part of their compensation in BTC in recent years.
Seeking Better Returns: Why Athletes are Ditching Traditional Investments
He adds that players have their investments managed by agents or financial advisers, who typically take a percentage of earnings. Returns in performance have waned in this regard, which has left many players wondering why they’re paying for below-average returns.
The Financial Tackle: NFL Players’ Quest for Sustainable Wealth
“Players want better answers for why they’re not getting more return for their money, even though they’re subjecting themselves to getting hit 80 snaps a game on Sundays, only getting paid 17 weeks a year, and only getting promised a pension of $38,000 a year from the NFL,” Cook tells.
Securing the Future: Bitcoin as a Financial Safety Net for Athletes
Factoring in that the average NFL career lasts around 3.7 years, Cook says players are increasingly aware of the need to secure their financial futures.
Educational Touchdown: University of Michigan’s Bitcoin Initiative
Cook is also actively working and engaging with athletes across all levels, and highlights an example of a progressive approach at the University of Michigan. The university’s football team won the Big Ten football championship in 2023 and is the number-one-ranked team in the country.
Beyond the Field: Athletes Learning Bitcoin Literacy
“They are the first collegiate major football program to do a financial literacy class on Bitcoin, proof-of-work and understanding how their players can protect and preserve their wealth,” Cook explains.
Bitcoin’s Appeal Across Generations: From Athletes to Boomers
During the podcast conversation, Cook also delves into the changing perception of Bitcoin as an investment asset for an older generation of investors.
Swan Bitcoin’s Vision: Educating Investors on Cryptocurrency
Swan Bitcoin’s head of business actively advises institutional and private investors on Bitcoin acquisition, storage, and management.
